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Tradingsystem

CAD/JPY Aug 2018 (Here we go again!) This will be my views of CAD/JPY -0.03% (Aug 2018) Please make sure to read the "update" comment as there will be changes along the way. Cheers. S0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Short
by SonicDeejay
[EURUSD] +1% Down Correction w/ Spectro™ MThis is a signal using Spectro™ M So the first thing we have to observe is that after a long run-up after the dip we're seeing that the resistance drew by our Auto Pivot System, that's the Adaptative Fibonacci mode, at 1.1578 held the price well. The Specter Clouds™ predicts not only the oversold area but also predicts the sell target, it tells you how far off an organic move we are, so if you measure from where we are now to the bottom of the red cloud that's our 1% safe target close to 1.1472 As you can see from past trades the clouds can be very precise prediction future price. We're coming from a downtrend, shorting would be trading with the trend, we can tell the trend is down because of the Trend Analyzer that plots the background as red, but now it just turned orange, since we're using the special Specter's TA mode it means that a huge price movement is about to happen, it's a high volatility warning, which is something that I always look on trades. So pretty much we don't have many confirmations yet, but this is a trade you might wanna watch since we have so many favors on our side and I'm posting this with enough time for you to draw your strategy! We didn't have any Spectro™ M confirmations yet, but still, this is an asset that you might want to watch closely since Spectro™ M just triggered a high volatility zone alert(orange background) so that's something I'm keeping my eyes on Liked it? Give it a shot at, it's really affordable - you wouldn't believe if I told you: hypester.org
Short
by spectertrading
13
Trading Pumps in a Sideways MarketWe've been trending sideways a lot lately. We mostly have pumps and long consolidations, not a proper trend. So, here are some tips on how you can trade and survive in this market. There are 2 basic ways of trading sideways trends. I'm using the M15 chart to illustrate. 1) Treat everything as a range. Trade breakouts from the range. Place Buy Stop orders above the new highs and Sell stop orders below the new lows and wait for the price to come to you and trigger one of your orders instead of going long/short inside the range to chase the price in either direction. Take profit immediately after the move ends. This way: - you don't have to pay interest for open positions inside the range (sometimes sideways trend can last for days and just maintaining the position becomes more expensive than the potential reward) - you don't care much about direction and teases/fakeouts, you are ready to go either way when a breakout happens - you don't have to manage opened positions and worry about breaking even if market changes direction and goes against your positions On the chart: Green Arrows - Stop Buy Orders Red Arrows - Stop Sell Orders Green dots - a Buy Stop order is triggered, a long position opened, Lime dots - Exit point to take profit Red dots - a Sell Stop order is triggered, short position opened, Magenta dots - Exit point to take profit When price is above EMAs and going up: - look for long entry points, ignore shorts - place a Buy stop above each new high/top - place a Sell stop below 50% retracement of the entire swing or below EMA 100-200 or below key support level (such as 6000) When price is below EMAs and going down: - look for short entry points, ignore longs - place a Sell stop below each new low/bottom - place a Buy stop above 50% retracement of the entire swing or above EMA 100-200 or above key resistance level (such as 6000) The idea behind is that in a strong trend/after pump we usually have 23.6-38.2 corrections, rarely 50%. So, going past 50% after pump usually results in fading and reversal. EMA 200 roughly splits the bear/bull markets. When price is crossing the line far enough it usually means a reversal. EMA 100 is a sort of median line and price tends to come back to it (just like bollinger and pitchfork median lines) EMA 50 is a rough meandering path for the price Don't place orders within the range because the market can always change direction, sudden moves inside the range and traps (yellow spots) can trigger your orders and then go in the opposite direction. It's not perfect but it works. 2) Trade based on RSI overbought/oversold levels. RSI is very useful in ranges and during corrections and doesn't help much during trends, because it's an oscillator. - note prev extreme RSI levels, is it mostly oversold or overbought? - if RSI is mostly oversold (below 30) its curve may not reach the overbought 70 level, you need to adjust the RSI channel to 20-60, where 60 is the new overbought level. Go Long at oversold level 30 or below, Exit/Go Short early at RSI 60 or at the overbought 70 if reached. RSI below 60 is considered a bearish market. - if RSI is mostly overbought (above 70) its curve may not reach the oversold 30 level, you need to adjust the RSI channel to 40-80, where 40 is the new oversold level. Go Short at overbought level 80 or above, Exit/Go Long early at RSI 40 or at the oversold 30 if reached. RSI above 40 is considered a bullish market. - note that RSI does not include the wicks, only bodies (candle close price). Horiz movement cools off. RSI. Arrows on RSI show when to go long/short. Nested Red/Green Rectangles on the chart illustrate the MTF RSI oversold and ovebought concepts. When D1 and all other TFs are RSI oversold/overbought expect the strongest buy/sell reaction because of a colossal support/resistance due to price compression. 3) Don't trade, stay on the sidelines and wait for trend change confirmations Good Luck! This is not a financial advice. Use at your own risk!
by RagingRocketBull
5] How to use Traders Dynamic Index and Complementary OverlayCOMBINING MULTIPLE TUTORIALS Price/HighMBL crash, overbought TDI:RSIPL indication = MUST SELL with use of lower time frames. Trading a retracement (into HighMidline) is not really recommended, your'e not trading a reversal so its highly risky to countertrend trade against the main trend. Price under HighMidline, with 'TDI overbought indication = MUST SELL with proper setup. Use of Flat Bottom, disjoint angle, or parallel channel are very useful when used with the separated 'TDI Pro indicator window. 60 Min chart BEST SELL ENTRY ZONE corresponds to price nearest of 240 HighMidline and especially of 'TDI indication of overbought condition. In this time period preparation of best sell entry is crucial for evasion of being stopped out and best to enter by RSIPL above 68 as BEST SELL POINT. XtremePhaser trending down helps to determine the Take Profit area to look into (1] How to use Traders Dynamic Index and Complementary Overlay). As also was shown in the chart as target (2] How to use Traders Dynamic Index and Complementary Overlay). Midlines (Black & Gray lines) however are mainly for identifying the current trend as this published idea explains. Other 'TDI overlay component lines (MBLs, TSLs), and Phasers are only for reversal breakouts, if you know what I mean, and can be used to observe support/resistance.
Education
by YardleyRosette
New Bitcoin Wedge breakout, BTC target $9,700Wedge breakout, target price $9,700 Support zones at $9,100 and $9,200 Current situation we will see is a pullback and due to wedge breakout should rise to $9,700 but we can expect resistance from thin blue line 'HighPhaser', which is the MarketBaseLine overlay of the a third chart (60 min). So we can expect some ranging with dated high to supports stated or breakout out of the HighPhaser. _____ The use of 'TDI' Pro's Analytic Tool is meant not for blind trade entry, rather a technical guide of set rules which an expert on the use of Traders Dynamic Index can use it complementary as an alert of technical probability. His/her expertise on the use of Traders Dynamic Index would allow to stay in the trade for longer than when the tool says 'close trade'.The trader can use the signal 'close trade' as an entry if so expected by trader's complete analysis. Also it's programmed to say close rather than sell due to possible false sell signal on generic system trading script coding which now would increase capital most favorably.
Long
by YardleyRosette
TENTATIVE APPROACH OF PUBLIC TRADING MARKETSHi fellow traders, I started to trade forex 12 years ago. I looked at almost all possible literature (books) and Technical Analysis (Japanese candle sticks, indicators, Elliott Waves, etc.), traders' psychology, paid for expensive forex courses. They all failed me . 4 years! Not because these were wrong (or maybe but who am I to say so) but because they were of no help for me to trade. I was loosing money. On the chart, this is me 10 years ago applied to today's bitcoin chart Then I realized that trading is only managing risk. As a trader, my job is to manage risk. And it needs a set of few components that you need to have right: - Charts - and how to read them. - Understand cycles of the market (time frame, momentum) - A trading system (that provides entries based on the same approach over time. can be anything I reckon: MACD cross-over, candle stick patterns) So, I based my work on Elliott Waves Theory (Elliott was a genius) but I dropped his approach of market trending in 5 waves only and also his labeling but I kept his vocabulary. I used different time frames for direction, setup and execution that fits my personality. I do not read news or listen to rumors when I trade. This is noise to me that is here to justify price when I believe that price is all that matters (except if you are an insider trader with deep pockets... no further comment). I trade extensions in corrective sequence with Fibonacci levels. This year, I started The Trader's Corner and I am trading for a living. What is your approach to trading in general and cryptocurrency in particular?
BITFINEX:BTCUSDEducation
by The_202_Quants
2
Tradingview Replay Function, Perfect your edge whenever you wantTradingView Bar Replay is a feature that you should take advantage of, In this post, I'll show you how it works and what it is good for. Turn Bar Replay On To turn on Bar Replay, click on the icon in the toolbar at the top of the screen. Adjust the Settings After you turn it on, you will see a new toolbar appear on your active chart. You will also see a vertical red line appear where your cursor is. The red line marks where the replay will begin, so do not click until you have scrolled back to where you want the playback to begin. You can use the scroll control on your mouse the move the chart back or click and drag the chart to move it. Clicking and dragging will not set the start point. Start the Replay Once you have scrolled back to where you want to begin the replay, click once on the chart and you will be in Replay mode. Now click on the Play button to start the replay. How it Can Improve Your Trading There are a few different ways that this feature can help you improve your trading. If you can think of any other use cases, feel free to leave them in the comments at the end of this post. Reviewing Your Old Trades You can use the playback feature to analyze what a chart looked like before you entered a trade. When you look at a trade a few days later, you will usually be able to see it from a more objective standpoint. This is because the emotion surrounding the trade has dissipated. So a follow-up analysis of your trades could reveal what you do well and what you need to fix. Backtesting You could use this as a free backtesting platform. Of course, the currency pairs that you test would need to have enough historical data available. But if there is enough data to do a solid test, then you would just need a simple spreadsheet to track your trades and you are good to go. Since TradingView makes it easy to do screenshots, it's also easy create flash cards of good setups, for later. Practice Another helpful use of this feature is to replay premium setups, so they get engrained in your brain. You can keep a spreadsheet of dates when good setups for your trading system happened and you can use this replay feature to play them forward a few times to get some practice, without going through the entire process of backtesting.
BITFINEX:BTCUSDEducation
by TheWolfOfBinance
Event Defining & Profit Taking StrategyThis is a basic trading strategy using Stop-Limit orders placed on Fibonacci retrace on price action taking place in given "phases" Phases are named "Buy" or "Sell" based on the RSI/Stochastic Oscillators in the chart. On overbought conditions we sell, and on oversold conditions we buy. These conditions trigger "buy" or "sell" phases and we react with stop limits placed from the previous cycles price extreme to the new cycles current price - at the Fibonacci retrace level of 23%. Further I recommend pyramiding your orders on the 38% fib as well. Leaving only 15-20% of the equity on the 23% retrace and 35-40% on the 38% retrace. I am attempting to form a trading strategy which can be automated. This is not a finished product, and I do not recommend trading on this basis blindly. Thanks for looking!
COINBASE:BTCUSD
by blessmywork
29
EUR/USD - Day Trade AnalysisIn this EUR/USD analysis I am using the 15-min time frame. On the monthly and weekly chart for EUR/USD the pair can be seen in a current uptrend. Price may continue to go up from its current point but If I were to enter I would place my entry at retrace a little but the pair looks strong. As a day trading perspective this analysis I would enter this pair at the bottom support zone between 1.2342 and 1.2352. This is a preferable resistance level that fits my strategy; Depending on where I placed the trade I would exit the trade at my take profit zone between 1.2362 and 1.2370. I would only place this trade if the price hit my preferable support zone. If not, I would not enter and appreciate the market for its graceful twists and turns. Happy trading!
Long
by austinlmkc